Billionaire DOGE leader Elon Musk said in an interview that he's “disappointed” by the cost of Donald Trump’s sweeping tax bill passed by the House.

A proposed 3.5% tax on remittance transfers should be killed because it invades consumer privacy and would encourage the use of unregulated money-movement services, payments-industry trade groups told US lawmakers.

Top Trump ally Elon Musk criticized the president’s massive tax cut bill over the amount of spending that was included. Meanwhile, President Trump is also facing new scrutiny over some of his recent pardons. NBC News’ Gabe Gutierrez reports.May 28, 2025

The "Big Beautiful Bill," which passed in the House, includes new provisions for bonus depreciation, R&D deductions, and pass-through relief.

Tax credit cuts in President Trump's budget bill have slowed the expansion of U.S. clean energy manufacturing, risking efforts to establish a fully American supply chain.

US Congressman Mike Flood faced a torrent of boos and jeers as he spoke to town hall attendees in his Nebraska district on May 27, one of the first held nationwide as House GOP leaders return home after passing President Donald Trump 's sweeping tax policy bill.

Legislation moving through Congress includes significant breaks for the affluent as the House rebuffs President Donald Trump’s suggestions.

By Suzanne McGee (Reuters) -Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending bill goes through the Senate, with the risk that bond yields stay higher for longer.